China semiconductor fund to buy Xcerra for $580m
Sino IC Capital, a technology-focused private equity fund manager backed by the Chinese government, has agreed to acquire US semiconductor and electronics manufacturer Xcerra in a deal that values the company at about $580 million.
The transaction comprises the purchase of all outstanding Xcerra shares for $10.25 apiece via Sino IC’s advanced technology-focused affiliate Unic Capital Management. The company's stock jumped about...
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